Poilievre says Tories will vote against capital gains tax hike, calls it a 'job killer'

Last edited Tue Jun 11, 2024, 09:08 PM - Edit history (1)

Poilievre says Tories will vote against capital gains tax hike, calls it a 'job killer'

'We're stepping up for Canadians. They're stepping up for the rich,' Trudeau says of Conservatives

John Paul Tasker · CBC News · Posted: Jun 11, 2024 2:35 PM EDT | Last Updated: 33 minutes ago

https://www.cbc.ca/news/politics/poilievre-capital-gains-tax-1.7231575

"SNIP............

Conservative Leader Pierre Poilievre said Tuesday his party will oppose the government's proposed capital gains inclusion rate increase — a tax hike that is projected to pull in roughly $19 billion in new revenue.

Weeks after the budget was tabled, Poilievre finally made his position known when he stood in the House of Commons to blast the Liberals' plan and their so-called "high tax agenda."

Poilievre's team also released a 15-minute social media video narrated by the leader to explain why the party is taking a stand against a policy that disproportionately affects wealthy people and big corporations.

"Businesses, jobs, doctors and food production will leave Canada," Poilievre says in the video.

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Applegrove:

The stock markets are so overpriced that the rich are getting into all kinds of businesses through private equity and the like. They are desperate for stable places to invest and make a profit. I'm talking investors from around the world. I'm not worried jobs will be killed. And we actually need fewer rich people speculating in real estate right now.